• One new serviced apartment, Oakwood Residence, opened in the second quarter, adding 406 units of new supply to the market
  • Serviced apartment, Grade 'A' apartment, and high-end villa citywide occupancy rates rose by 2.6, 1.2, and 1.3 percentage points to 78.9, 85.1, and 88.7 per cent respectively
  • Serviced apartment, Grade 'A' apartment, and high-end villa rents rose by 1.6, 2.3, and 0.6 per cent to an average of RMB154.3, RMB97.8 and RMB116.9 per sqm respectively
  • New government policies issued in April to cool the residential sales market have resulted in a sharp slow down in the market
  • Despite a fall in residential transaction volumes from 1.5 million sqm in April to 0.5 million sqm in June, prices rose by 3.5 per cent during April and May
  • Grade 'A' apartment and high-end villa prices rose by 6.2 and 5.2 per cent in the second quarter respectively